Business

Former Helmsley Homestead Sells For $35 Mil.

Dunnellen Hall - Greenwich, CT - File / Photo: Christie's Great Estates

Dunnellen Hall – Greenwich, CT – File / Photo: Christie’s Great Estates

murnane_feature Paul Murnane
Paul Murnane has been running around the streets of New York City with...
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GREENWICH, CT (WCBS 880) - A real estate commercial touts the former Helmsley Homestead by saying, “This is possibly the most celebrated Greenwich estate.”

The grounds of Dunnellen Hall - Greenwich, CT - Oct 6, 2010 - Photo: Paul Murnane / WCBS 880

The grounds of Dunnellen Hall - Greenwich, CT - Oct 6, 2010 - Photo: Paul Murnane / WCBS 880

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WCBS 880’s Paul Murnane reports

At a reported $35 million, the sale price on Dunnellen Hall seems to be a nearly $100 million  let-down from the original asking price.

But realtor Mark Pruner, who blogs on real estate at GreenwichStreets.com, says negotiations on price at this level can be extreme, and its sale after two years on the market may say something.

“I think it’s a positive sign that this art money thinks prices are going up,” Pruner told WCBS 880 reporter Paul Murnane.

The real estate commercial also boasts, “fourteen bedrooms, thirteen full baths, and four half-baths.”

At least eight homes in this area are on the market for $20 million and above, but that’s down from eleven homes, including the recent sale of Mel Gibson’s place.